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Price Analysis

Dogecoin Price Analysis: Dogecoin (DOGE) reflects 10% upsurge in YTD Chart

Dogecoin was dealing at a moderate level during the heavy drop in the market last month. Well, the scenario changed when the coin started dropping tremendously in the recent drop. The traders started pointing figure towards the momentum of the DOGE.

If we look at the YTD chart, Dogecoin shows the escalation in price despite the heavy fall. This reflects that the coin has great potential and would help the traders draw colossal profits.

DOGE to USD Price Comparison:

Dogecoin Price Chart - 17 Aug 2019
Dogecoin Price Chart by TradingView

Looking at the above chart, Dogecoin is reflecting an escalation in price. In January, the DOGE opened with a fall of 18.43%. The price counters changed from $0.002330 to $0.001901. February was a moderate month. Dogecoin marked a minute escalation of 2.07% as the price changed from $0.00198 to $0.00194. March brought a heavy escalation of 31.17%. Dogecoin price changed from $0.001940 to $0.002545. April was again moderate. May experienced a heavy price surge. DOGE price changed from $0.002528 to $0.003365 by 33.12%. June started the fall in the Dogecoin price. The price fell from $0.003365 to $0.003159 by 5.99% in June. In July, the coin slipped from $0.003163 to $0.002922 by 7.49%. The ongoing month also marked a fall from $0.002922 to $0.002580.

Current Statistics of Dogecoin:

  • Dogecoin price is trading at 0.002598 USD.
  • ROI (Return on Investment) is at 377.25%.
  • The 24-hour volume is at 19,688,029 USD.
  • The Market Cap is noted as 322,145,523 USD.
  • Circulating Supply has 120,801,435,050 DOGE.

Dogecoin Price Prediction and Conclusion:

Dogecoin is currently dealing at $0.002598, whereas, the month started when the coin was at $0.0029. There is a heavy drop in the price, but at the same time, Dogecoin has maintained itself at a higher level than the opening price. The same has given hope to the traders and investors. The traders interested in the coin should go for long-term investment to book considerable returns.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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